Steve Jones comments on Allsop Auction 17-05-10

Allsop’s May auction results continued the broadly similar pattern we have seen throughout 2010, with Allsop reporting “retail, London based properties and secure long dated income all continued to attract keen bidding”.

Despite the political uncertainty surrounding the recent General Election, if anything, yields appeared slightly keener than in March, although at 101, the number of lots was noticeably down from 140.

4 banks were sold with an average yield of 5.06% compared with 5.27% in March and 9 public houses let to Enterprise Inns Plc produced an average 5.84%, compared with 6.55%.